Top News
Philippine budget deficit within target amid spending rise
The Philippine government posted a budget deficit of P869.2 billion at the end of August, around 56 percent of the revised full-year target of P1.56 trillion for 2025.
Global economy faces weak growth, systemic disruption
The global economy is entering a period of prolonged weak growth and structural disruption, with mounting risks for emerging markets like the Philippines. This is according to the latest Chief Economists’ Outlook, released today by the World Economic Forum.
PH, Korea launch farm tech roadshow in Mindoro
The Department of Agriculture (DA), in partnership with the Korea Agricultural Machinery Industry Cooperative (KAMICO), launched a two-day Mechanization Roadshow aimed at modernizing farming practices across Mindoro through the introduction of advanced agricultural equipment and technologies.
PH money market ‘has disappeared’ — BSP chief
The money market in the Philippines where banks and financial institutions go for their short-term funding requirements has practically disappeared, according to the main man at the central bank, Bangko Sentral ng Pilipinas governor Eli Remolona Jr.
BSP tightens rules on large cash transactions
The Bangko Sentral ng Pilipinas (BSP) has issued new regulations requiring that large cash transactions exceeding ₱500,000 (or its foreign currency equivalent) be processed through traceable financial channels, as part of efforts to combat money laundering and enhance financial system integrity.
